Posted on December - 07 - 2009
Credit card customers hit by ski price rise
The spending power of UK skiers’ credit cards has diminished. Many credit card users will face steeper costs during this year’s ski break, Santander Cards has said.
According to research commissioned by the credit card provider, the typical flight and accommodation package for winter sports holidays now costs £686, the highest price since the beginning of the decade.
The cost of staying at some popular resorts has risen by 15% this season, with the pound having weakened against the euro since last year.
Customers have the option to reduce their overall spend by taking out a credit card which does not charge extra fees on overseas transactions, such as Santander’s own Zero and the Post Office Platinum.
Prepaid cards also offer consistently lower charges on overseas payments and cash withdrawals than many mainstream credit cards.
Emma Roberts, director at Santander Cards, said: “Winter sports enthusiasts may well be tempted to try somewhere new this year because of the impact of the weak pound on prices for premium European skiing destinations.”
She added: “One way that winter holidaymakers can avoid unnecessary additional costs is to use a credit card that doesn’t charge them a fee on transactions made in a foreign currency.”
Recent analysis from Snowsports cited by Santander shows that the number of UK residents going on a winter sports break during the 2008-09 season fell by 6%.
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